TAMAN GEMILANG (SPU)

TAMAN GEMILANG (SPU) in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2024, with a median price of RM 175K and a median price per square foot (PSF) of RM 250.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 175K, with most transactions falling within a stable range of RM 155K to RM 195K, and a typical market range of RM 154K to RM 196K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 250, with core pricing between RM 224 and RM 277. Market pricing typically extends from RM 224.50 to RM 275.50, reflecting moderate variation in unit pricing. With an IQR of RM 51.00 and MAD of RM 27, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.